Re: so...who we signin then? : Sun Oct 11, 2015 11:47 am  

roger daly wrote:

Chissitt will you do me a favour please. I'm barred from your board so i can't ask this question. Somebody on your board has said he has heard we have borrowed a large chunk of next seasons money from the RFL for this season. Could you please ask the person "in the know" where he has got this info from or he has just made it up cos it sounds good. If it's the latter could you please tell him from me he's a nob head

Thank you my friend

Rog the likelyhood of it all is that he heard it in the toilet or somewhere similar, you know how these things work when people want to cause a bit of mischief, however I will do my best for you old boy.

Re: so...who we signin then? : Sun Oct 11, 2015 11:54 am  

Thank you Chissy and yes you are probably right pal

Re: so...who we signin then? : Sun Oct 11, 2015 12:08 pm  

roger daly wrote:

Thank you Chissy and yes you are probably right pal

Done rog, lets hope it's just a bit of mischief making eh!

Re: so...who we signin then? : Sun Oct 11, 2015 12:48 pm  

chissitt wrote:

Done rog, lets hope it's just a bit of mischief making eh!

Thank you. I've read your post, let's see what response you get.

As far as we are aware there doesn't seem to be any financial problems. Few more years in the Championship and who knows

Re: so...who we signin then? : Sun Oct 11, 2015 9:55 pm  

roger daly wrote:

As far as we are aware there doesn't seem to be any financial problems. Few more years in the Championship and who knows

From my point of view, if we're actively (the club) negotiating to buy the lease back from the RFL (and I would imagine they won't let it go for less than they paid (£1.5m?)) then we would seem to have access to a reasonable amount of financing. Unless the story about a loan from the RFL is we want to spread the ground purchase payments over a few years?

[Bulliac]

Re: so...who we signin then? : Mon Oct 12, 2015 8:41 am  

It's hard to know what's going on, with no doubt, business confidentiality reasons springing up, which mean information is hard to come by. Pretty obviously the RFL won't want to lose money on the deal, so the £1.5m would probably be a fair price to pay.

They have, of course, already taken payments form the club for use of the ground for, is it 2 or 3 years now, and to be honest, it's all win for the RFL as they put nothing into the ground and the only cost would be sending the lad round to the bank with the cheque. The actual value of the lease can surely only decrease as the years fall away anyway and we must remember it is only for a lease - any increase, in land values for instance, would accrue to the owner, Bfd Met, not the RFL.

I wonder if there is any remnant of the original deal still playing a part. IIRC, it was presented at the time as a deal 'to secure the stadium for RL' and to protect it from 'predatory takeovers', surely they don't think the current owners are 'predatory', and from whose hands the ground must be 'saved'?

Re: so...who we signin then? : Mon Oct 12, 2015 8:53 am  

The stuff about predatory takeovers to get hands on the land was proven nonsense at the time owing to BMDC owning the land and the lease containing an exclusive RL covenant. It is utterly shaming that the RFL were in any way party to this deceit.

If you recall Lord Peter had borrowed £700k from the RFL and not made one repayment. Seeing the likely outcome they took the only thing of residual value should the club inevitably slide into administration, which probably happened quicker than they expected. It is this secret loan which apparently led the other SL clubs to insist Omar Khan only get 50% Sky money, thereby dooming his efforts to rescue the club.

Re: so...who we signin then? : Mon Oct 12, 2015 2:18 pm  

M@islebugs wrote:

If you recall Lord Peter had borrowed £700k from the RFL and not made one repayment. Seeing the likely outcome they took the only thing of residual value should the club inevitably slide into administration, which probably happened quicker than they expected. It is this secret loan which apparently led the other SL clubs to insist Omar Khan only get 50% Sky money, thereby dooming his efforts to rescue the club.

Indeed. Khan has been very unfairly maligned, yet despite that outrageous and blatant theft of our money by the greedy other clubs, with an RFL complicit in the theft, he still persevered and did in a load of his own hard-earned before it all went tits. The fact that between them, the RFL and the other SL clubs artificially created a non-existent "surplus" which was then illegally divvied up remains as shameful an episode as I can recall.

The irony is that they will probably all end up losing much more, net, after the cash deficit caused by missing at least 2 home and away fixtures against the Bulls is added up year on year.

Re: so...who we signin then? : Mon Oct 12, 2015 4:07 pm  

It was all part of "cutting our cloth". Trouble is they thought we could still make a sweater with only enough material for a hanky.